Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its position in Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 3,516,137 shares of the closed-end fund’s stock after purchasing an additional 105,435 shares during the quarter. Capital Investment Advisors LLC’s holdings in Western Asset High Income Opportunity Fund were worth $13,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its stake in Western Asset High Income Opportunity Fund by 2.2% in the 2nd quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock valued at $1,000,000 after acquiring an additional 5,682 shares during the period. Avior Wealth Management LLC grew its position in shares of Western Asset High Income Opportunity Fund by 25.7% during the third quarter. Avior Wealth Management LLC now owns 28,404 shares of the closed-end fund’s stock worth $115,000 after buying an additional 5,802 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Western Asset High Income Opportunity Fund by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after purchasing an additional 6,000 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the third quarter worth about $40,000. Finally, Horizon Kinetics Asset Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the third quarter worth approximately $41,000.

Western Asset High Income Opportunity Fund Price Performance

Shares of Western Asset High Income Opportunity Fund stock remained flat at $3.93 during trading hours on Monday. The stock had a trading volume of 182,477 shares, compared to its average volume of 529,558. The firm has a 50-day simple moving average of $3.96 and a 200-day simple moving average of $3.95. Western Asset High Income Opportunity Fund Inc. has a twelve month low of $3.69 and a twelve month high of $4.07.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.0355 per share. The ex-dividend date is Friday, January 24th. This represents a $0.43 annualized dividend and a yield of 10.84%.

Western Asset High Income Opportunity Fund Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.